Kalpataru Projects International reported a 20.4% year-on-year increase in net profit to ₹289 crore for the second quarter of FY27, compared with ₹240 crore in the corresponding period last year. Revenue rose 7.3% to ₹7,004 crore from ₹6,529 crore a year earlier, while Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased 3.4% to ₹581 crore from ₹562 crore. The EBITDA margin, however, narrowed to 8.3% from 8.6% in the year-ago quarter.
According to the Kalpataru Project’s investor presentation, revenue excluding road special purpose vehicles (SPVs) and its Brazil subsidiary grew 13% year-on-year to ₹6,995 crore during the quarter. Core EBITDA on the same basis rose 16% to ₹582 crore, while core EBITDA margin improved to 8.3% from 8.1% in Q2FY26.
Among business segments, the oil and gas division delivered the strongest growth, with revenue rising 58% year-on-year to ₹884 crore. Revenue from the buildings and factories business increased 20% to ₹2,031 crore, while transmission and distribution revenue rose 7% to ₹3,069 crore. The water business reported a 4% decline in revenue to ₹498 crore, while infrastructure revenue fell 11% to ₹440 crore.
For the first half of FY27, consolidated revenue excluding road SPVs and the Brazil subsidiary increased 11% year-on-year to ₹13,391 crore.
The company reported an order book of ₹71,846 crore as of September 30, 2026. Order inflows stood at ₹23,934 crore so far in FY27, including ₹17,940 crore in the first half and ₹5,994 crore secured in the third quarter up to the date of the presentation. It also has projects worth around ₹5,000 crore where it is the lowest bidder or favourably placed.
During the quarter, the company secured its first major oil and gas project in the UAE for gas pipeline infrastructure. It also won its first water treatment and supply project in the Middle East.
Kalpataru Projects significantly strengthened its balance sheet, with net debt falling to ₹72 crore at the end of September 2026 from ₹917 crore at the end of the June quarter. Net working capital improved to 68 days from 80 days in the preceding quarter.
Shares of Kalpataru Projects International ended 0.6% higher at ₹1,374 on the NSE.